After Black Friday Comes Black Monday for Some Retailers

By Sam Mamudi

AP

After the almost obscene effort to push us all into stores in the days after Thanksgiving, some big retailers are taking a hit Monday.

AutoNation Inc. (AN), Nordstrom Inc.(JWN) and Macy’s Inc. (M) are the three biggest decliners on the S&P 500 index today, all down between 4% and 5%. The Consumer Discretionary Select Sector SPDR ETF (XLY) was down 0.5% at the latest.

Early numbers from Cyber Monday probably aren’t helping the bricks-and-mortar crowd, either. Sales are up 26% from last year, according to IBM Software Group, which uses data from more than 500 retailers.

Still, some of the old guard are holding their own, with shares of Tiffany & Co. (TIF) up about 1.8% at the latest.

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